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Real-time optimal participation of wind power in an electricity market

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2 Author(s)
Ting Dai ; Dept. of Electr. Eng., Univ. of Nebraska-Lincoln, Lincoln, NE, USA ; Liyan Qu

While integrating wind power into the electricity market can reduce the operational and fuel costs of the power system, it also increases the imbalance cost and the need for reserve. Due to this contradictory, there is a need for planning the amount of wind power in the power system. This paper proposes a model to determine the real-time optimal participation of wind power in an electricity market. This model assumes that the system operator will regulate the participation level of the wind power due to the increasing cost of reserve. Case studies are presented to demonstrate the use of the proposed model to determine the real-time optimal participation of wind power in a practical power system for various scenarios.

Published in:

Innovative Smart Grid Technologies - Asia (ISGT Asia), 2012 IEEE

Date of Conference:

21-24 May 2012